Goldman Sachs Group Inc. has reportered a $2.1 billion quarterly loss, it's first quarterly loss since it went public in 1999 as a result of the global financial turmoil, according to a report in the New York Times.
Goldman losses stem from slumping results at it's equities business, according to the Wall Street Journal.
The loss, which amounts to $4.97 a share, was a stark contrast from the $7.01 a share Goldman earned at the same time last year.
Goldman and Morgan Stanley are the only major independent U.S. brokerages left standing after the economic downturn decimated their rivals.
